Binance Review 2018: Comprehensive Crypto Coin Exchange
Binance is a Chinese cryptocurrency exchange. Binance was created after attracting funds via an ICO (Initial Coin Offering – creating a new digital asset, backed by the project. Changpeng Zhao, former CTO at OKCoin is currently at the helm of Binance. They are known for fast processing speeds coupled with an ability to process enormous numbers of transactions (1.4 million) each second. It’s been quickly gaining ground in market share cementing a place as a top 20 exchange in terms of volume.
Binance transaction has reached a new level and currently score tenth place in the world. Binance offers a generous daily withdrawal limit. They don’t need identity confirmation when the per day remittance is within limit of 2 BTC.
Binance Features
Binance’s trading platform is web-based. Furthermore it offers two distinct trading layouts, a more simple one and a “Pro” version.
Their ICO has created tokens named BNB that are traded on the exchange. They can also be used as a method of paying your trading fees, which will reduce them by 50%. Binance offers their own startup incubator platform as well. The trading functionality of the platform was of more interest so we focused on that for the purposes of this Binance review.
Below is the “standard platform” look:
Below is the advanced display:
BINANCE Advantages
Large Cryptocurrency Pairings Supported
The competitive advantage of Binance’s platform is the ability to trade every major cryptocurrency pairing in existence. Coinbase and Gemini only offer trading of a handful of the larger market capitalization cryptos, whereas Binance allows users access to trade over 100 crypto coins.
Low Fees AND LIMITS
The fee structure is simple as well as being priced. There is a flat 0.10% fee on all trading. The 0.10% fee on trades is one basis point. If you were to buy a cryptocoin at 100 you’d have to sell it higher for 101 to profit.
Ease of Setup
Setting up an account is straight forward, similar to signing up for an account with other service providers. Another advantage is there is no lengthy waiting time, users are able to get setup and running within minutes. This is due to the fact that fiat is not accepted on the exchange.
Binance Provides Significant Trading Volume
Binance is currently the third largest exchange by cryptocurrency trading volume, according to coinmarketcap. At the time of writing, Binance’s volume was an astounding $5,441,711,452 in the last 24 hours! This volume demonstrates their users clear trust in the exchange, as well as the accessibility of the exchange and ease of transacting. This type of volume requires substantial servers and computational power.
Wide Support of Cryptocurrencies
No Verification Requirements
Binance doesn’t require identity confirmation in instances when the per day remittance is within the limit of 2 BTC. The attractiveness of setting up an account with Binance may be greater for a user in a jurisdiction where certain exchanges choose not to allow new users because of restrictions imposed by that location’s governing regulatory bodies.
Ease of Use
You’re able to buy and sell crypto pairings with market or limit orders while specifying the amount or percentage you wish to trade for each transaction.
BINANCE Disadvantages
No Leveraged Margin Trading
Margin trading is not available at Binance. Margin trading is a system which allows you to trade with more money than you actually have in your account. Your balance is then used as a guarantee to maintain your position open.
No Fiat Functionality
This has both advantages and disadvantages. Government fiat deposits are not currently enabled in Binance, instead this exchange focuses only on the digital side of things. Clients can deposit and withdraw the coins supported at the exchange. This means that you’re not able to deposit or withdraw in fiat currency, only cryptocurrency is supported.
Relatively New
Binance was started in only July 2017, according to this Reddit post. This is a major concern, as they don’t have a history. Despite all the good things people are saying on Reddit. it’s worth mentioning as many exchanges have come and gone. Binance appears to have a visible co-founder, unlike BTC-E.
Conclusion
Accessible option for obtaining Different Cryptocoins
Binance is the most rapidly-growing and communally praised cryptocurrency exchange available. It’s China based location may spell issues in the future due to rumors of a “crackdown“. that currently accounts for a large amount of volume. Although Binance targets high frequency traders, it is quite useful for those getting beginning with altcoin trading. Their lack of fiat money deposits may be difficult to swallow for beginners, only supported cryptocurrencies may be deposited. Binance boasts a large number of various cryptocoins for trading.
The main benefit is the ability convert between cryptocurrencies. For instance exchanges such as Coinbase and Gemini are more limited in the number of cryptocurrencies offered. The interface is also conducive to support shorter duration hold time day trading of cryptocurrencies if one were so inclined to deploy that strategy. Binance is an exchange worth looking into and integrating into crypto trading just for their large amount of supported crypto coins.
Mungkin ramai antara kita sudah tahu nama asal Malaysia yaitu Tanah Melayu. Setelah berlakunya percantuman antara 11 negeri-negeri Persekutuan Tanah Melayu, Singapura, Sabah dan Sarawak. Sebelum penubuhan Malaysia, kita di Semenanjung Tanah Melayu memanggil negara kita Persekutuan Tanah Melayu.
Jika melihat sejarah sebelum ini, Sabah, Sarawak dan Singapura termasuk di dalam Malaysia tetapi jadinya Singapura menarik diri dan keluar dari Malaysia untuk menjadi sebuah negara republik pada 9 Ogos 1965.
Dilihat dari peta dunia, negara Brunei Darussalam yaitu sebuah negara yang paling hampir dengan Malaysia. Pernahkah anda terfikir kenapa Brunei tidak turut serta bercantum dengan Malaysia?
Atas faktor-faktor apakah yang mendorong Brunei daripada tidak bernaung dibawah satu bumbung bersama Malaysia?
Mari kita imbau kembali sejarah penolakan Brunei ini.
Apabila Sultan Omar Ali Saifudin III dari Brunei mengisytiharkan bahawa Brunei tidak akan bahu-membahu membentuk Malaysia, Tunku Abdul Rahman telah cuba untuk memperlihatkan tekanan ke atas Brunei dengan memanggil balik beratus-ratus guru dan pegawai dari Tanah Melayu yang di pinjamkan kepada negara tersebut. Hal ini menyebabkan Brunei dikala itu menghadapi duduk perkara pentadbiran.
Namun, Sultan masih tetap dengan pendiriannya. Antara perkara yang tidak dipersetujui oleh Sultan semasa rundingan dengan Persekutuan Tanah Melayu yaitu kedudukan Kesultanan Brunei yang di letakkan di bawah sekali di dalam Majlis Raja-raja Melayu. Satu lagi perkara besar yang tidak dipersetujui oleh Sultan yaitu berkenaan dengan cukai Pusat ke atas hasil minyak sebanyak 10% untuk selama 10 tahun dan selepas itu Pusat mahu mengambil alih kawalan minyak Brunei.
Hujah-hujah bahawa dengan pembentukan Malaysia maka sanggup membendung bahaya komunis dan untuk mendapat kemerdekaan awal dari British jadinya telah di tolak oleh Sultan atas sebab-sebab tidak bersetuju dgn syarat-syarat di atas.
Hari ini Brunei yaitu sebuah negara yang berdaulat, andal kepada Pertubuhan Bangsa-bangsa Bersatu (PBB) dan juga andal kepada ASEAN. Ini bermakna beliau nya sebuah negara yang diiktiraf bukan sahaja oleh negara-negara yang berjiran dgn nya, malah diiktiraf di peringkat antarabangsa.
Hari ini juga rakyat Brunei menikmati pendapatan per kapita antara yang tertinggi, harga Petrol yang terendah, pendidikan percuma sampai peringkat tinggi dan sebagainya.
Pada simpulan tahun lepas, Kerajaan Brunei melalui Menteri Tenaganya telah melahirkan rasa kekecewaan secara terbuka kerana masih ramai rakyat tempatan tidak di ambil bekerja di syarikat-syarikat pembekal dan kontraktor industri minyak. Menteri tersebut berkata, walaupun Brunei mengalu-alukan pelaburan asing, namun jikalau tidak serius untuk memperlihatkan peluang pada rakyat tempatan, syarikat-syarikat ini tidak dikehendaki untuk berada di Brunei.
Ini yaitu satu amaran keras dan terbuka. Saya percaya syarikat-syarikat yang ada di dalam industri Minyak dan Gas ini akan mula memperlihatkan perhatian yang serius.
Dalam satu ucapan, bagi memperingati Sultan Omar Ali Saifuddin III, bekas Perdana Menteri Singapura Lee Kuan Yew berkata apabila Singapura keluar dari Malaysia, Sultan Omar Ali telah berkata pada nya “Kamu sudah menyerupai Brunei. Itu yaitu lebih baik untuk kamu”
Sejarah yaitu satu perkara yang telah pun berlalu dan tidak akan sesekali sanggup diubah, Namun satu soalan retorik yang menarik, apakah yang mungkin berlaku andainya Brunei bersetuju untuk bahu-membahu membentuk Malaysia?
Andaian
1. Brunei bukan saja akan di kenakan cukai utk hasil minyak, malah 95% hasil minyak akan pergi ke Pusat. Tinggal 5% untuk Brunei.
2. Pendapatan rakyat Brunei mungkin akan sama dengan Sarawak iaitu RM30,000 berbanding dengan kini RM62,000 (USD 20,000)
3. Rakyat Brunei akan membeli minyak dengan harga yang lebih mahal dari kini iaitu RM1.90 seliter utk RON95 berbanding kini RM0.90 (B$0.36)
4. Rakyat Brunei yang hendak melanjutkan pelajaran ke peringkat tinggi akan terpaksa meminjam dari PTPTN dan dikenakan Riba.
5. Sindrom ramai orang luar Brunei yang memegang jawatan tinggi dengan honor mahal di sektor Minyak dan Gas akan berlaku tanpa ada apa-apa suara bantahan dari pemimpin tempatan Brunei. Rakyat Brunei akan di beri jawatan peringkat rendah dgn honor yang rendah juga.
6. Harga kereta import akan mahal dan rakyat Brunei akan ramai yang terpaksa beli Proton dan Perodua.
7. Jalan antara bandar di Brunei akan menjadi jalan satu lorong untuk sehala yang berombak2 dan berlubang. Dan kebanyakan di tampal pelbagai kali sampai rupanya macam kek lapis Sarawak.
HARI INI, lihatlah pembangunan dan kemajuan negara Brunei sehingga baru-baru ini diletakkan dalam ranking KE-4 terkaya dunia oleh Tabung Kewangan Antarabangsa (IMF). Pertumbuhan ekonomi sekitar tahun 1990-an sampai 2000, membawa perubahan kepada Brunei sehingga menjadi sebuah negara perindustrian.
Purata peningkatannya yaitu 56 peratus bagi tahun 1999 sampai 2008 sahaja. Sektor petroleum dan gas orisinil menjana kekayaan negara yang mencapai kemerdekaan dari United Kingdom pada 1 Januari 1984 ini. IMF turut menyatakan bahawa hutang Brunei berada di kadar kosong peratus daripada KDNK negaranya.
Sumber: https://www.blogammar.com/
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